Profit and Loss - Quantitative Aptitude




Profit and Loss

Terms related to Profit and Loss


Profit & Loss Calculation

Profit Calculation

Profit or Gain = selling price (S.P) - cost price (C.P)

Example

S.P = 150, C.P = 20

Profit OR Gain = (150-120) = 30



Loss Calculation

Loss = Cost price(C.P) - Selling price(S.P)

Example

C.P = 100, S.P = 90

Loss = (100-90) = 10

Note: Profit or Loss per cent is always calculated on cost price(C.P).


Formulas to calculate Profit & Loss

(i) % of Profit = Profit x 100
 Cost price
(ii) % of Loss = Loss x 100
 Cost price

(iii) In case of profit:

(iv) In case of Loss:



Profit & Loss Questions and Answers

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